UniSuper Management Pty Ltd Boosts Stake in Gen Digital Inc. $GEN

Key Points

• UniSuper Management Pty Ltd increased its stake in Gen Digital Inc. by 6.5% during the first quarter, bringing its total holdings to 151,114 shares valued at approximately $4 million.
• Analysts have set new price targets for Gen Digital, with Morgan Stanley raising its target from $25 to $32 and Wells Fargo increasing its target from $37 to $40.
• Gen Digital reported quarterly earnings of $0.64 per share, exceeding expectations, with a 30.3% year-over-year revenue increase to $1.26 billion.

UniSuper Management Pty Ltd boosted its position in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) by 6.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 151,114 shares of the company's stock after purchasing an additional 9,241 shares during the period. UniSuper Management Pty Ltd's holdings in Gen Digital were worth $4,011,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in GEN. Nuveen LLC bought a new position in Gen Digital during the 1st quarter valued at about $299,562,000. Boston Partners boosted its position in Gen Digital by 37.3% in the 1st quarter. Boston Partners now owns 13,358,167 shares of the company's stock valued at $354,456,000 after buying an additional 3,631,052 shares during the period. Alyeska Investment Group L.P. purchased a new stake in Gen Digital in the 1st quarter valued at about $71,287,000. Vanguard Group Inc. boosted its position in Gen Digital by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 69,690,768 shares of the company's stock valued at $1,849,593,000 after buying an additional 2,513,464 shares during the period. Finally, Northern Trust Corp boosted its position in Gen Digital by 14.3% in the 1st quarter. Northern Trust Corp now owns 7,689,268 shares of the company's stock valued at $204,073,000 after buying an additional 962,228 shares during the period. 81.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Gen Digital from $37.00 to $40.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Royal Bank Of Canada boosted their price objective on shares of Gen Digital from $32.00 to $33.00 and gave the company a "sector perform" rating in a research report on Friday, August 8th. Morgan Stanley boosted their price objective on shares of Gen Digital from $25.00 to $32.00 and gave the company an "equal weight" rating in a research report on Tuesday, September 2nd. Wall Street Zen cut shares of Gen Digital from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 5th. Finally, B. Riley assumed coverage on shares of Gen Digital in a research report on Monday, July 14th. They issued a "buy" rating and a $46.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $36.50.

Gen Digital Stock Down 1.8%

Shares of GEN traded down $0.53 during mid-day trading on Friday, hitting $29.14. The company's stock had a trading volume of 2,865,835 shares, compared to its average volume of 3,420,315. Gen Digital Inc. has a 52-week low of $22.74 and a 52-week high of $32.22. The company's 50-day moving average is $30.18 and its 200-day moving average is $28.35. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 3.63. The firm has a market capitalization of $17.95 billion, a price-to-earnings ratio of 30.04, a PEG ratio of 1.00 and a beta of 0.99.

Gen Digital (NASDAQ:GEN - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.04. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The company had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.19 billion. During the same quarter in the prior year, the company posted $0.53 earnings per share. Gen Digital's revenue for the quarter was up 30.3% compared to the same quarter last year. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. On average, equities research analysts forecast that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Monday, August 18th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.50 dividend on an annualized basis and a yield of 1.7%. Gen Digital's dividend payout ratio is presently 51.55%.

Gen Digital Company Profile

Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.